New York, NY, Aug. 23, 2011 (GLOBE NEWSWIRE) -- Inc. magazine today ranked Nashville-based Crosslin & Associates, P.C., No. 3763 on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy - America’s independent entrepreneurs. Online retailer ideeli tops this year’s list. Crosslin & Associates joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokate, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list. This prestigious ranking is a first-time honor for the growing accounting and consulting firm.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report have created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
Over a three-year period, Crosslin experienced a 40 percent growth throughout the firm. Founded nearly 25 years ago, Crosslin began with traditional accounting offerings such as audit and tax, but expanded over the years to include healthcare consulting, forensic and valuation services, and IT forensics and security consulting services. Recently, in continuation of its entrepreneurial spirit, the firm announced the establishment of an executive recruitment company, Crosslin Executive Search, which provides identification and placement services for C-level executives.
"This is truly an honor for our firm’s growth to be recognized at the national level," said founding partner J. Dell Crosslin. "Our entire team has worked tirelessly over the last several years to achieve this substantial growth, and I am extremely proud that Inc. magazine recognized our team members’ hard work by including us in this esteemed ranking."
The 2011 Inc. 500|5000 ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent - not subsidiaries or division of other companies - as of December 31, 2010. The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500. The Inc. 5000 list can be found at www.inc.com/5000.
Representatives of Crosslin & Associates will attend the Inc. 500|5000 Conference and Awards Ceremony in Washington, D.C. this September to accept the award on behalf of the firm.
About Crosslin & Associates, P.C.
Founded in 1987, Crosslin & Associates, P.C. is one of the largest accounting and consulting firms in Tennessee. An independent member of the BDO Seidman Alliance, Crosslin provides business assurance and advisory services to privately and publicly held companies in a myriad of industries as well as to governments, governmental entities and not-for-profit organizations. Primary service offerings include tax, audit and assurance, forensic and valuation services, IT forensic and security services, and healthcare consulting. Visit www.crosslinpc.com to learn more.
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